Armenia recorded a trade deficit of 555.20 USD Million in February of 2020.

Balance of Trade in Armenia averaged -178.94 USD Million from 2003 until 2020, reaching an all time high of -33.98 USD Million in August of 2003 and a record low of -555.20 USD Million in February of 2020. This page provides the latest reported value for - Armenia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Armenia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020.

Balance of Trade in Armenia is expected to be -211.80 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Armenia to stand at -211.40 in 12 months time. In the long-term, the Armenia Balance of Trade is projected to trend around -211.40 USD Million in 2021 and -229.00 USD Million in 2022, according to our econometric models.

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Armenia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-555.20 -131.40 -33.98 -555.20 2003 - 2020 USD Million Monthly
Balance of Trade by Country


Calendar GMT Actual Previous Consensus TEForecast
2019-12-26 08:00 AM Nov $-300.2M $-304M $-302M
2020-01-31 08:00 AM Dec $-440M $-312.7M $ -211.8M
2020-02-25 08:00 AM Jan $-131.4M $-440M $-321.5M
2020-03-25 08:00 AM Feb $-555.2M $-131.4M $-330M
2020-04-27 08:00 AM Mar $ -198M
2020-05-25 08:00 AM Apr
2020-06-25 08:00 AM May
2020-07-27 08:00 AM Jun $ -176M
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


Armenia Balance of Trade
Armenia’s foreign trade is limited due to landlocked location and border disputes with Turkey to the west and Azerbaijan to the east. As a result Armenia usually reports high trade deficits. Armenia’s main exports are metals and precious stones followed by energy, beverages, and vegetables and fruit. Armenia mainly imports oil, natural gas, cereals, rubber manufactures, cork and wood, and electrical machinery. Armenia’s main trading partners are Russia, Germany, Iran, the United States, China, Ukraine and Turkey .